Taurian MPS Limited shares surged 5% following the announcement of securing fresh orders worth ₹34.02 crore at the EXCON Exhibition. The microcap company, engaged in manufacturing and supplying crushing and screening equipment for mining and construction sectors, saw its stock price rise to ₹244 per share from the previous day's close of ₹232.

Order Details and Exhibition Success

The company secured orders worth ₹34.02 crore, including GST, during the EXCON Exhibition held in Bengaluru between December 9 and December 13, 2025. These orders represent a significant addition to the company's order book and demonstrate steady demand for its construction and mining equipment from both domestic and international markets.

The orders were received in the normal course of business, with execution scheduled over current and upcoming financial periods based on mutually agreed delivery schedules. mps clarified that these are not related-party transactions, with no promoter or promoter group interest in the ordering customers.

Market Performance and Valuation

With a market capitalization of ₹216 crore, Taurian MPS shares are currently trading at a P/E ratio of 23.20, which is below the industry average of 31.50. This valuation metric suggests the stock may be attractively priced relative to industry peers.

Company Operations and Global Presence

Taurian MPS has established a strong global footprint, successfully delivering over 2,000 installations worldwide. The company maintains presence across 20+ countries through a global dealer network of over 25 partners. As of Q2FY25, the company's order book and pipeline amount to ₹35 crore, with typically short order cycles ranging between 2-3 months due to approximately 45-day delivery timelines.

The company operates at 90% capacity utilization with a revenue potential of ₹18-20 crore per month, indicating strong operational efficiency and market demand for its products.

Financial Performance Analysis

The company's recent financial performance shows mixed results across different time periods:

Year-on-Year Performance:

Half-Yearly Performance:

The fresh orders worth ₹34.02 crore represent a significant boost to the company's business prospects, particularly given the current order book of ₹35 crore. This new business nearly doubles the existing order pipeline and should contribute positively to future financial performance.

MPS Limited has formally initiated the postal ballot process for seeking shareholder approval on two key resolutions previously approved by the Board of Directors on December 24, 2025. The company has commenced the remote e-voting process for the re-appointment of independent director Suhas Khullar and the relocation of its registered office within Chennai.

Postal Ballot Process Launched

The company dispatched the postal ballot notice on January 6, 2026, to all shareholders whose email addresses are registered with the registrar and share transfer agent or depository participants. The notice has been made available on multiple platforms including the company's website, stock exchange websites, and CDSL's portal.

Director Re-appointment Resolution

The first special resolution seeks approval for the re-appointment of Mr. Suhas Khullar (DIN: 07593659) as Independent Non-Executive Director for a second consecutive term. His current tenure expires on December 31, 2025, having served his first term from January 1, 2024.

Mr. Khullar brings extensive experience from his roles at EY, Ares India Private Equity Fund, Shuttl, and currently serves as CFO at Loco. His professional background spans financial management, strategic planning, and risk management across multiple sectors.

Registered Office Relocation

The second special resolution pertains to shifting the company's registered office to a new location within Chennai, maintaining jurisdiction under the same Registrar of Companies. The relocation is driven by operational efficiency and business continuity considerations.

The new premises offer significantly larger office space, improved infrastructure, and enhanced facilities to support customer interactions and stakeholder engagement, aligning with the company's growth and expansion plans.

E-voting Process and Timeline

Shareholders can cast their votes exclusively through the remote e-voting platform provided by CDSL. The voting rights are based on the paid-up value of equity shares held as on the cut-off date of January 2, 2026. Physical dispatch of postal ballot forms has been dispensed with in compliance with MCA circulars.

The results of the postal ballot, along with the scrutinizer's report, will be announced within two working days of the voting period's conclusion and communicated to the stock exchanges where the company's shares are listed.